The packaging robots market size was valued at $2471 million in 2016 and
is projected to reach $4,649 million by 2023, growing at a CAGR of 9.6%
from 2017 to 2023.

Vacuum gripper type dominated the global packaging robots market and is
expected to maintain the trend till 2023. However, Asia-Pacific is
expected to dominate the market throughout the forecast period due to
increase in demand for automated technologies in various industries.

Increased demand of robots for increased packaging efficiency, improved
supply chain process, rising need for automation in industries, and
reduced operational costs drive the growth of the global packaging
robots market. In addition, the growth of the global robotic industry
and continuous growth in e-commerce and retail sector is projected to
create lucrative opportunities for the global packaging robots market.
However, high installation costs, heavy capital investment, and shortage
of skilled labor hamper the packaging robots market growth.

Packing applications dominated the packaging robots market in 2016 and
case packing accounted for the maximum share, constituting around 48% in
2016. Side loading case packing machines have witnessed significant
adoption in the packaging industry as it is equipped with horizontal
carton magazine for easy loading. However, bagging and cartoning is
expected to exhibit the fastest growth rate because cartoning machines
to ensure eradicaion of manual labor and make the whole automated
packaging process quite efficient.

Pick & place robots gained popularity and are anticipated to grow the
fastest during the forecast period. The pick & place robot systems are
flexible and can be easily programed. In addition, these systems improve
product quality and cycle time because of consistent processing. Hence,
these robotic systems are projected to grow at a CAGR of 11.4% by 2023.

Among the major industry verticals, the packaging robots find widespread
usage in food & beverage industry, which accounted for more than 35%
share in 2016 owing to increased order volume of fresh food & beverage
products. This segment is estimated to witness significant growth during
the forecast period due to improving production processes, lowering
labor intensity, and timely delivery of materials.

Asia-Pacific region accounted for the maximum market share in packaging
robots industry 2016, and is expected to maintain its lead throughout
the forecast period. This is attributed to heavy investment by consumer
products and food & beverage industry players in automation. LAMEA
region exhibited significant growth due to increased demand of
production from consumer markets. Especially, emerging countries such as
Brazil facilitates the market growth.